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Asking Price:	$90,000 USD USA Dollars
Business for Sale Industry:	Retail: Non-classifiable
Reason for Selling:	Moving on
Year Established:	1984
# of Employees:	3
Yearly Revenues:	$500,000
Yearly Net Profit:	$32,000
Monthly Payroll:	$1,800

Business for Sale Overview:

The market is next to the city hall and is surrounded by city employees from city hall and an adjacent school that has been converted to city offices. A senior complex, Central Towers, is directly across the street. The area is scheduled for continuing upgrade with a waterfront initiative now underway. The same building has converted from UNH rental units to condominium residential units (the 900 SF market can be purchased as a retail condominium, not included in the offer). The neighborhood is changing to such an extent that $9 - $12 bottles of wine are now common sales. Five years ago the other stores in the block were a tattoo parlor and a pawn shop, today the neighbors are an art gallery/framing shop and an oriental gift shop.

Property Features and Assets:

This location has been a market for over 100 years, the current owner has run it for the past 23 years. High foot traffic and 20,000 vehicles per day with ample free parking provide an abundant market for improved merchandising.

Market Competition and Expansion:

Competition is gas with c-stores for convenience items. This location should grow with expanded food offerings, recently added coffee service is growing.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.